As much as Sony wants to push the PS Vita as the next big handheld, the PlayStation Portable is still the elephant in the room with over 75 million units sold worldwide. Hence, it’s getting a price drop.

For proper context, let’s just assume that even a third of those PSPs sold over the years are still actively being actively played with and used by the people who bought them.

That’s still 25 million PSP units out in the wild, compared to the rather pathetic 2.8 million the PS Vita has sold so far.

Sony must really want those remaining systems off store shelves, too, because they’ve slashed the price in Japan from ¥17,800 to ¥14,800. That’s equivalent to a $40 (30 Euros) price cut, making the system about $190 (145 Euros).

Whether or not that price cut applies to North America and Europe wasn’t confirmed.

Sony made the announcement during their Tokyo Game Show 2012 keynote, where they also highlighted a thinner, lighter, and bigger (storage-wise) PlayStation 3 Slim model that would release in black and white. By the end of the year, North America, Europe, Japan, and most other regions will see all versions of the new system available.

McKinley Noble has been writing about video games for seven years as a blogger and journalist, with each job adding to his painstakingly alphabetized collection of retro gaming memorabilia. When not cracking jokes about the gaming industry, he's a talking encyclopedia when it comes to mixed martial arts and anything MMA related. Follow him on Twitter: @KenTheGreat1. Meet the rest of the crew.